What Is the Difference Between a Hosted Software System and Purchased

question 29

Multiple Choice

What is the difference between a hosted software system and purchased software?

• A)A hosted system generally has greater capacity than purchased software,and it is priced accordingly.
• B)A hosted system sits on the system's servers so customers can access it from anywhere with internet access and updates are instantly available.
• C)A hosted system allows sales managers to check on sales representatives' levels of activity.
• D)A hosted system is not robust enough to manage multiple channels.
• E)A hosted system requires a username and password to access.

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Definitions:

Compound Interest Factors

Mathematical factors used to calculate the future value of an investment or loan, considering the effect of compounding interest over time.

Future Value

The estimated amount of money an investment will grow to over a specified period of time, based on a projected rate of interest or growth rate.

Annuity

An investment vehicle offering a consistent series of disbursements to a person, commonly utilized as a revenue source for those in retirement.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, used in discounted cash flow analysis.